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package orders (Text with EEA relevance)","document_date":"2017-08-14"},"position":{"kind":"article","key":"5","index":5,"articles":6,"annexes":0},"prev":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/4","key":"4","title":"Article 4 — Asset-class specific criteria for package orders consisting exclusively of credit derivatives"},"next":{"path":"/mifir/level-2/delegated-acts/2017-2194-package-orders/articles/6","key":"6","title":"Article 6 — Entry into force and application"},"act_anchor":"#art-5"}},"provenance":{"official_url":"https://eur-lex.europa.eu/eli/reg_del/2017/2194/oj/eng","check":{"result":"matched","checked_at":"2026-10-26","against":"EUR-Lex"},"repo_path":"spaces/mifir/level-2/delegated-acts/2017-2194-package-orders.md","unit_text_sha256":"7f97e01cc45cff02b6eb6a624bbc9c1eed0b125635b7b319b5e4221a5e00a1de","note":"the unit is a byte-exact part of the act page, whose check record covers it"},"unit":{"locator":"spaces/mifir/level-2/delegated-acts/2017-2194-package-orders/art-5","kind":"article","key":"5","heading":"Article 5 — Asset-class specific criteria for package orders consisting exclusively of commodity derivatives","text":"## <a id=\"art-5\"></a>Article 5 — Asset-class specific criteria for package orders consisting exclusively of commodity derivatives\n\nThe asset-class specific criteria referred to in Article 1(b)(iv) for package orders consisting exclusively of commodity derivative as referred to in Section 7 of Annex III to Delegated Regulation (EU) 2017/583 shall be the following:\\\n**(a)** the package order has no more than two components;\n**(b)** all components of the package order are commodity derivative futures as referred to in Section 7 of Annex III to Delegated Regulation (EU) 2017/583;\n**(c)** all components of the package order have the same underlying commodity defined at the most granular level as specified in Table 2 of the Annex to Commission Delegated Regulation (EU) 2017/585;\n**(d)** all components of the package order are denominated in the same notional currency of either EUR, USD or GBP;\n**(e)** the package order replaces a position in a contract that is nearest to expiry with a position in a contract expiring at the next maturity date.\n\n","marks":[],"text_hash":"7f97e01cc45cff02b6eb6a624bbc9c1eed0b125635b7b319b5e4221a5e00a1de","revision":1}}